Plastic Waste to Oil Market, By Plastic Type (Polyethylene, Polyethylene Terephthalate, Polystyrene,

Published Date: | Report Code : EP1944403

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Plastic Waste To Oil Market growth is expected to gain high momentum during the forecast period due to increasing production as well as consumption of plastic across the world.The consumption and production of plastic have been exponentially rising. Due to this, there has been an increase in the generation of plastic waste globally.

Therefore, it is necessary to dispose of plastic waste or use them effectively. Thus, plastic waste to oil is one of the best uses of plastic waste. The ever-rising oil consumption and demand, fluctuating prices of conventional sources of energy, and rapid technological innovations are factors impacting the plastic waste to the oil market.

Segment Analysis

The plastic waste to oil market has been segmented on the basis of plastic-type, technology, and fuel type.

on the basis of plastic type, the market has been divided into polyethylene, polyethylene terephthalate, polystyrene, polyvinyl chloride, polypropylene, and others. The polystyrene plastic type is majorly used than others, as it has a high energy density of polyethylene.

Based on technology, the market has been divided into prolysis, catalytic depolymerization and gasification, and synthesis processes. The prolysis segment is leading, as the prolysis technology is most preferred due to its lower CAPEX requirements when compared to others.

On the basis of fuel type, the market has been divided into diesel, kerosene, synthetic gases, gasoline, and others. Diesel is witnessing a rise in demand, owing to the rapidly growing transportation sector in developing economies.

Key Factors Impacting Market Growth:

  • Increasing production as well as consumption of plastic across the world
  • Rising awareness among consumers about the use of plastic to form usable oil
  • Growing need to control waste and damages caused by plastics
  • Growing government initiatives towards waste plastic to the oil production process

Regional Outlook:

The regional outlook for plastic waste to oil market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for plastic waste to oil market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of plastic waste to oil market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. 

Asia Pacific is estimated one of the fastest growing regions for plastic waste to oil market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered:  Cynar Plc, Agilyx Inc., Vadxx Energy LLC, Clean Blue Technologies Inc., Nexus Fuels, LLC, Plastic2Oil Inc., PK Clean, RES Polyflow, Plastic Advanced Recycling Corporation, and MK Aromatics Ltd.

Market Segmentation:

By Plastic Type:

  • Polyethylene
  • Polyethylene Terephthalate
  • Polystyrene
  • Polyvinyl Chloride
  • Polypropylene
  • Others

By Technology:

  • Pyrolysis
  • Gasification and Synthesis
  • Catalytic Depolymerization

By Fuel Type:

  • Diesel
  • Gasoline
  • Kerosene
  • Synthetic Gases

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Plastic Type
    • By Technology
    • By Fuel Type
  • Western Europe:
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Plastic Type
    • By Technology
    • By Fuel Type
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Plastic Type
    • By Technology
    • By Fuel Type
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Plastic Type
    • By Technology
    • By Fuel Type
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Plastic Type
    • By Technology
    • By Fuel Type
  • Rest of the World
    • By Region (South America, Africa)
    • By Plastic Type
    • By Technology
    • By Fuel Type

Reasons to Buy This Report:

  • Market size estimation of the global plastic waste to oil market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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